{"id":475675,"date":"2026-05-09T02:02:12","date_gmt":"2026-05-09T02:02:12","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/475675\/"},"modified":"2026-05-09T02:02:12","modified_gmt":"2026-05-09T02:02:12","slug":"this-new-ai-trade-is-leaving-nvidia-and-micron-in-the-dust","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/475675\/","title":{"rendered":"This new AI trade is leaving Nvidia and Micron in the dust"},"content":{"rendered":"\n

Nvidia (NVDA<\/a>) and Micron (MU<\/a>) have become two of the defining stocks of the AI boom. But a come-from-behind trade in old-school storage has outrun both, with Western Digital (WDC<\/a>) and Seagate Technology (STX<\/a>) leading the charge.<\/p>\n

Since ChatGPT launched in November 2022, Western Digital and Seagate have outperformed Nvidia and Micron, according to Yahoo Finance data.<\/p>\n

\"Western Western Digital and Seagate Technologies have outperformed Nvidia and Micron since ChatGPT launch <\/p>\n

The timing is key. The storage rally really took off in April 2025. Around the same time, Micron and the broader memory trade started to emerge as a central AI theme after the post-\u201dLiberation Day\u201d lows.<\/p>\n

That\u2019s not because storage and memory suddenly became sexier than GPUs. It\u2019s because AI has turned the less glamorous parts of the hardware stack into scarcity trades.<\/p>\n

The market is moving past the first AI winners and chasing companies tied to the physical demands of the infrastructure build-out: memory, storage, networking, foundry capacity, optical gear, and legacy chips.<\/p>\n

The heat map tells the same story, with some of the biggest moves coming from names that were not the face of the AI trade even one year ago.<\/p>\n

\"AI AI trade heat map \u2014 since ChatGPT launched November 30, 2022 \u00b7 Yahoo Finance <\/p>\n

The catch-up trade is showing up across the chip complex. Intel (INTC<\/a>) is up roughly 200% since the March 30 low and just hit its fourth straight intraday record high following a report that Apple<\/a> (AAPL<\/a>) and Intel reached a preliminary chipmaking agreement.<\/p>\n

Micron, meanwhile, is up roughly 130% since the March 30 low and has added roughly $470 billion in market value over that stretch. AMD (AMD<\/a>) and SanDisk (SNDK<\/a>) have also posted triple-digit rallies, while Lumentum (LITE<\/a>) is riding a 13-month win streak.<\/p>\n

Nvidia still dominates by size. The stock has added more than $1 trillion in market value since the March 30 low alone.<\/p>\n

But the performance race has moved beyond the initial AI winners. The market is now paying up for the companies that can help relieve the bottlenecks created by the boom.<\/p>\n

Jared Blikre is the global markets and data editor for Yahoo Finance. Follow him on X at @SPYJared or email him at jaredblikre@yahooinc.com.<\/p>\n

Click here for in-depth analysis of the latest stock market news and events moving stock prices<\/strong><\/a><\/p>\n

Read the latest financial and business news from Yahoo Finance<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Nvidia (NVDA) and Micron (MU) have become two of the defining stocks of the AI boom. But a…\n","protected":false},"author":2,"featured_media":475676,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[261],"tags":[291,289,290,18,19,17,17630,292,124566,82,1997,90795],"class_list":{"0":"post-475675","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-artificial-intelligence","10":"tag-artificialintelligence","11":"tag-eire","12":"tag-ie","13":"tag-ireland","14":"tag-micron","15":"tag-nvidia","16":"tag-seagate-technology","17":"tag-technology","18":"tag-trade","19":"tag-western-digital"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/116542161172741811","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/475675","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=475675"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/475675\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/475676"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=475675"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=475675"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=475675"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}